There are several factors explaining why the US economy is currently managing to cope with shocks effectively.
First, the economy entered the current conflict from relatively strong positions. Sustained economic growth throughout 2025 provided a more reliable starting point than in many previous geopolitical crises.
Second, the labor market remains favorable, supporting household incomes and consumption levels. A high employment rate creates conditions for confident consumer demand.
Third, consumer spending is still largely supported by high-income households. These households account for a disproportionately large share of total expenditures and are less sensitive to rising fuel prices, thereby contributing to economic stability.
Finally, significant investments in artificial intelligence also play a crucial role in supporting economic activity. Both Bank of America and the Organisation for Economic Co-operation and Development (OECD) highlight investments related to AI as one of the key growth drivers in 2026, helping to offset some of the negative impact of high energy prices.
